46 CFR 308.7
§ 308.7 Premiums and payment thereof.
United States · 46 CFR — Shipping · Status: effective
Cite this
- Citation
- 46 CFR 308.7, § 308.7 Premiums and payment thereof, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/231997
- Permanent ID
ys:prov:231997@1- SHA-256
fb32a7ac105a7c6e5577375c6a92a886d1847c2fb95444f020115f0e2b82426a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Rate to be fixed promptly upon the happening of the event causing the American Institute Hull War Risks and Strikes Clauses dated December 1, 1977 (including Automatic Termination and Cancellation Provisions) for attachment to American Institute Hull Clauses dated June 2, 1977 of any war risk policies to become operative and premium shall be payable within ten (10) days after receipt of notice of the amount thereof by the assured. Premiums shall be paid to the Underwriting Agent that issued the binders by check payable to the order of “Maritime Administration, Department of Transportation.” In the event that it is subsequently determined that insurance under interim binders did not attach, premiums paid will be refunded by the Maritime Administrator.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.